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NEWS UPDATES Asean Affairs    12  July  2016  

MEF II sells 2.5m Mobile World shares

Vietnam: Mekong Enterprise Fund II, or MEF II, announced the successful sale of 2.5 million shares of Mobile World (MWG) on July 9.

After the sale, MEF II’s ownership of MWG fell from 10.94 to 9.24 per cent, equal to 13.54 million shares in the technology firm.

The fund also became the largest shareholder of MWG after World Retail Investment Consulting Limited Company with its 13.18 per cent of shares.

According to statistics from the HCM Stock Exchange on July 8, the entire 2.55 million shares of MWG, worth VN?344.4 billion (US$15.3 million), were traded when the shares ended at VN?130,000 each. So, at the lowest intraday trading price of VN?129,000 during the day, MEF II could earn at least VN?322.5 billion.

In the first six months of this year, MWG shares soared 64.5 per cent from VND79,000 toVND130,000.

The MEF II fund, managed by Mekong Capital, was one of the earliest institutions to invest in MWG since 2007. It was once the largest shareholder, with ownership of over 30 per cent. — VNS

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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